Companies delay emissions data reporting following SEC enforcement pause (2024)
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
With the Securities and Exchange Commission’s (SEC) climate disclosure rule on hold and facing lawsuits, most large-cap companies did not voluntarily report emissions data in their latest 10-K filings:
| “ |
S&P 500 companies are mostly steering clear of providing greenhouse gas emissions disclosures in their annual reports to the SEC, as rules requiring such climate reporting face an uncertain future. Only 126 of the 410 companies listed on the S&P 500 stock index that filed their 10-K reports to the Securities and Exchange Commission through May this year discussed pollution from their direct operations and energy usage in those filings, according to a Bloomberg Law review. Even the roughly one-third of companies that did mention so-called Scope 1 and 2 emissions by name in their 10-Ks did not necessarily provide the detailed pollution figures that the SEC’s March 6 rules would require. S&P 500 companies referencing Scope 1 and 2 in their 10-Ks jumped more than seven-fold between 2020 and 2022, the year the SEC announced plans to require emissions disclosures in the reports. But references have plateaued since then, even as SEC officials signaled a commitment to at least some emissions reporting requirements and brought more scrutiny to climate disclosure discrepancies between companies’ mandatory 10-Ks and their voluntary environmental, social and governance reports.[1] |
” |
See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
| |||||||||||||||||||||||
